Davin Sons Retail Limited (BSE SME)

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Davin Sons Retail Limited (BSE SME)

January 2, 2025 – January 6, 2025

Price ₹55 - ₹55
Premium ₹5
Lot size 2000
Allotment Jan 7, 2025
Listing Jan 9, 2025

Lead Manager(s)
Address
Davin Sons Retail Limited
609, Sixth Floor, Road No. 44, Pitampura
P.P. City Centre Plot No. 3,Road No. 44,
Pitampura Rani Bagh-, North West Delhi -110034
Phone: + 91-11- 4909212
Email: info@davinsonsretail.com
Website: http://www.davinsonsretail.com/
Subscription

Last updated on 06-Jan-2025 17:08:03

CategoryOfferedAppliedTimes
HNIs7580005830200076.92
Retail758000124904000164.78
Total1516000175088000115.49
Total Applications: 100727
HNI Interest Cost Per Share (7 Days)
@7%
₹5.7
@8%
₹6.5
@9%
₹7.3
@10%
₹8.1
@11%
₹8.9
@12%
₹9.7
About
Category Lot(s) Qty Amount Reserved
Retail 1 2000 110000 379
HNI 2 4000 220000 379
IPO Reservation
Investor CategoryShares OfferedNo. of Shares
Retail47.5%758000
Other47.5%758000
Market Maker5.01%80000
Total No. of Shares100.0%1596000
Davin Sons IPO Details
Issue Size15,96,000 shares
(aggregating up to ₹8.78 Cr)
Fresh Issue15,96,000 shares
(aggregating up to ₹ 8.78 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share Holding Pre Issue36,66,792 shares
Share Holding Post Issue52,62,792 shares
Market Maker Portion80,000 shares
Market MakerAftertrade Broking 
Key Performance Indicator
KPISep-24Mar-24Mar-23
ROE12.45%49.41%51.77%
ROCE15.37%54.52%33.21%
RONW11.72%29.58%51.77%
EPS
(basic)
2.014.631.82
P/E Pre IPO12.29
P/E Post IPO19.67
Company Financials In Lakhs
Period EndedSep-24Mar-24Mar-23
Assets1,036883456
Revenue6341,339391
Profit After Tax7416457
Net Worth628555109
Total Borrowing19424128
About Company
Davin Sons Retail Limited, incorporated in March 2022, specializes in manufacturing and designing high-quality readymade garments such as jeans, denim jackets, and shirts for various brands. The company operates two primary business verticals: garment manufacturing on a job work basis and the distribution of FMCG products. With a broad operational footprint spanning Haryana, Delhi, Punjab, Arunachal Pradesh, Rajasthan, Gujarat, Bihar, and Chhattisgarh, the company serves a diverse and widely dispersed customer base. As of December 2024, Davin Sons Retail Limited employs 20 individuals across its operations.

Strength

Diversified Product Portfolio: Offers a wide range of readymade garments and FMCG products, catering to varied customer needs.

Commitment to Quality and Innovation: Focuses on delivering high-quality, innovative designs in garments.

Experienced Leadership: Led by a skilled promoter and management team with a proven track record in the industry.

Weakness

Limited Operating History: Recent incorporation and acquisition of a running business make it challenging to assess historical performance or future prospects.

Litigation Risks: Ongoing legal proceedings involving the company, promoters, and directors could adversely affect reputation and financial performance if outcomes are unfavorable.

Warehouse Dependency: Reliance on non-owned warehouses poses risks related to operational control and continuity.